The Seam launches peanut platform with real-time, actionable insights for farmers

MEMPHIS, Tenn., October 3, 2017 – The Seam, a leading provider of agribusiness software and trading solutions, today announced the launch of new business intelligence tools to provide peanut farmers and handlers with actionable data for changing or improving practices both on and off the farm.

Instant grading and inspection information is now available to peanut farmers through automated text messaging and includes foreign materials, grade, moisture levels and other attributes. A new online Producer Portal provides access to graphical metrics and more detailed intelligence, including inspection certificates, contract documents, farm purchase reports, electronic warehouse receipts and so forth. This technology, which is the first of its kind in the peanut industry, comes at the optimal time with this year’s historic-sized crop.

“Just as businesses rely on instant, meaningful data for making sound decisions, so do farmers,” said Mark Pryor, Chairman and CEO at The Seam. “This technology provides the insights needed to quickly adjust practices ‘on-the-spot’ for increasing efficiency and value, thereby saving time and money. We’re excited to get this software into the hands of more producers and handlers, as it pushes us another step toward our mission of investing in the industry, providing modernization to agriculture and being a truly collaborative partner to our customers.”

Continue reading The Seam launches peanut platform with real-time, actionable insights for farmers

Department of Agriculture Announces New Agribusiness Development Grant

This week, the Tennessee Department of Agriculture announced the Agriculture Enterprise Fund (AEF), a new agribusiness development grant that will provide assistance to new and expanding Tennessee agriculture and food businesses.

The AEF is an incentive program, with goals of eliminating distressed counties in Tennessee by 2025. It will focus on increasing on-farm income, farmers access to markets and agricultural innovation. The program supports Governor Bill Haslam’s priority of economic development and job creation, and is administered by the Department of Agriculture in conjunction with the Department of Economic and Community Development, a Rural Task Force partner.

It is encouraged that interested applicants apply for a grant soon, as the Department of Agriculture is accepting applications on a rolling basis. You can visit this webpage for further details on how to apply.

To check out more from the original post, visit TN Department of Agriculture.

The Seam presents at the APSA & NPBPA Pre-Harvest Meeting in Georgia

The Seam Chairman and CEO, Mark Pryor, presented at the 2017 pre-harvest meeting hosted by the American Peanut Shellers Association (APSA) and the National Peanut Buying Points Association (NPBPA) in Cordele, Georgia, this week.

Pryor spoke about the need for, and current lack of, business software technology in the agricultural industry, how real, actionable reporting benefits the industry, and how blockchain technology will provide “trusted” data for food safety and a wide range of sustainability initiatives.

It was also at the pre-harvest meeting that The Seam announced that it will provide grading data directly to the producer through SMS alerts this season.

Committee meetings were held on Tuesday, August 1, and the general business session was held the following day, with a welcome from U.S. Congressman Austin Scott. Those in attendance heard from a variety of speakers, like The Peanut Institute and the latest from Georgia Federal-State Inspection.

Check out our pictures below from the event.

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The Seam Announces Three New Hires, Celebrates Graduate of National Peanut Buying Points Association Leadership Program

The Seam, a leading provider of agribusiness software and trading solutions, today announced the appointment of Tammy Sullivan, Executive Assistant; Mike Vandenbergh, Director of Emerging Technologies; and Rex Vandiver, Customer Development. Sullivan and Vandenbergh report to Mark Pryor, Chairman, and CEO. Vandiver reports to Steve Mitchell, Director PMO and Operations.

“We are thrilled to add such experienced, dedicated individuals to our growing team,” said Pryor. “The Seam’s goal is to transform the agribusiness industry from a technology and accessibility standpoint, and Tammy, Mike, and Rex are just the people we were looking for to get us there.”

In her role as Executive Assistant, Sullivan will be handling administrative duties, including managing calendars; coordinating travel, meeting and event arrangements; preparing various reports; and assisting with customer and vendor relations. Prior to joining The Seam, she worked for Continental Airlines and United Airlines for more than 30 years as an international flight attendant, service manager, and training specialist. Sullivan received a Bachelor of Arts in education from Louisiana Tech University.

“The Seam’s goal is to transform the agribusiness industry from a technology and accessibility standpoint, and we are thrilled to add such experienced, dedicated individuals to our growing team.” – Mark Pryor, Chairman and CEO.

As Director of Emerging Technologies, Vandenbergh will be working with The Seam’s customers, partners and team members to build a modern technology consortium that will consist of an end-to-end supply chain solution based on blockchain technology. This initiative will follow commodity products from provenance to their ultimate consumption, which will lead to greater visibility, traceability and efficiency by highlighting the origins and histories of the products and goods people consume. Before his move to The Seam, Vandenbergh served as the Vice President of Information Technology at MicroPact Global. He has more than 20 years of IT experience, in roles such as Managing Director of Technology Operations at Raymond James Financial and Vice President of Technology Operations at Regions Financial. Vandenbergh received a Bachelor of Business Administration from the University of Memphis.

In his role as Customer Development, Vandiver will be working directly with The Seam’s current and future customers, as well as the customer support team, to collaboratively create solutions to help better manage business through technology. Prior to working for The Seam, Vandiver was the Sales Manager for Ross Manufacturing Company, an agribusiness firm that manufactures bucket elevators and other conveying equipment for various commodities. He was also involved in managing day-to-day operations and purchasing. Vandiver received a Bachelor of Science in business administration from the University of Tennessee at Martin.

Additionally, The Seam recently announced that Vandiver is a graduate of the National Peanut Buying Points Association Annual Leadership Program, a first for The Seam. The Program’s objective is to provide intensive training opportunities for young members of the industry, while developing and improving leadership skills and understanding of the history of buying points and the American peanut industry. The 2017 Program selected 19 students to participate, including Vandiver. As an industry partner of the NPBPA, The Seam is focused on developing new software that aids in how shellers and buying points operate daily, as well as providing relevant data to make the industry more sustainable for the producer.

“I wanted to attend the leadership training not only to show The Seam’s commitment to advancing the technology used in the peanut industry but also because I wanted to gain a deeper understanding of how this industry works and the struggles it faces,” said Vandiver. “With my experience and new role at The Seam, I am able to better understand how this industry operates and anticipate requests so that we can work to provide the software that the peanut industry needs to make it more efficient.”

About the National Peanut Buying Points Association
The National Peanut Buying Points Association is a representative association for America’s 400+ peanut buying points. The Association’s goal is to be an informed liaison between the farmer and the peanut sheller, to strive for fair and transparent government rules and regulations, and to seek new and innovative technology that will foster the continuation of peanut buying points as a major segment of the industry. For more information on the NPBPA, visit www.peanutbuyingpoints.org.

About The Seam 
The Seam was founded by leading global agribusiness companies and specializes in commodity trading and management systems. In December 2000, it began operating the world’s first completely online, anonymous exchange for cotton trading. Since that time, the company has leveraged its software and application development expertise in agriculture to expand into other commodity segments, including peanuts, grains and dairy. As a proven leader in the agritech and fintech space, The Seam has cleared or processed more than $8 billion through its platforms. For more information, visit www.theseam.com.


Coverage

Memphis Daily News 

Memphis Business Journal

Marketplace

In the Know: This Week’s Blockchain Round-up (July 28, 2017)

The world of blockchain is changing every day. Check out our weekly round-up below to stay in-the-know on this evolving technology.

Blockchain Technology Global Market 2017 Trend, Segmentation and Opportunities Forecast to 2027

This post focuses on the blockchain industry, and how the application of this technology has shifted to different areas, from payments to documentation, offering essential benefits like trustless exchange, durability and reliability.

Read more here, via KFM BFM.


Building the Future of Finance with Blockchain

Learn how Chief Financial Officers (CFOs) can incorporate blockchain into their future finance function. CFOs are focused on new skill development and technological transformation, and blockchain technology will play a major role in reshaping finance as we know it today.

Read more here, via Financial Executive International.


 The Rate of Blockchain Patent Applications Has Nearly Doubled in 2017

Another good read to end this week’s round-up, this article highlights the doubled cryptocurrency and blockchain-related patent applications being submitted and published in the U.S. The article goes on to discuss how blockchain is experiencing a research and development boom.

Read more here, via Coindesk.

What Every CEO Must Understand About Blockchain Technology

Techvibes posted an insightful article recently titled, “What Every CEO Must Understand About Blockchain Technology” which breaks down what exactly blockchain is and highlights five main things that CEOs should know about the technology.

Here are a few takeaways:

  • Blockchain has grown to become a way of removing the friction that exists when using middle men, and is currently being looked at by corporations around the globe to settle transactions. These transactions involve everything from mortgages to shipping container contents to cross-border payments.
  • With blockchain, companies can resolve transactions in seconds instead of days. It also helps to reduce tampering, fraud and cybercrime.
  • 65 percent of banks plan to start using blockchain by the end of this year, according to IBM. It’s predicted that other industries will catch on to this technology such as healthcare, gaming and government ID creation to name a few.
  • Now is the perfect time to integrate blockchain for companies that would like to transform their industry.
  • Business leaders need to identify which model they plan to transform early on, as blockchain will impact banking in all different areas like retail payments, reference data and consumer lending.

In the Know: This Week’s Blockchain Round-up (July 21, 2017)

Blockchain can be confusing to understand sometimes, but that is why we’re here to break it down for you in our weekly blockchain round-up.

Confused about blockchain? Here’s what you need to know.

In this article by Matthew Cochrane, he stresses the importance for investors to understand the implication of blockchain technology. His article dives deeper into why so many are excited about blockchain and its potential benefits, and how some companies are already incorporating it into their existing operations.

He goes on to highlight how blockchain technology calls for fewer middlemen to be involved in each transaction, payment processors and banks.

Read more here, via The Motley Fool.


Why the use of blockchain in the cloud is growing quickly

This piece, written by Dave Shackleford, discusses what options are available as organizations could potentially shift away from traditional cryptography models. Shackleford goes on to explain that a few traditional software vendors now have blockchain services for their software-as-a-service (SaaS) cloud offerings.

Read more here, via Tech Target. 


Emerging applications for blockchain

And last but not least, this article by Chalmers Brown is a great read. Brown highlights some of the many ways that blockchain is applied to make a difference in various industries beyond the financial world.

Read more here, via Forbes.